LACERS Board Member Lambastes Lousy Private Equity Returns as More Studies Confirm Poor Performance for Decades
Yet another nail in the private equity performance coffin.
Read more...Category Archives: Dubious statistics
Preparing for a Wave of Non-Performing Loans: Are Banks at Risk?
On a aggregate basis, EU banks appear to have enough capital to weather even a bad Covid storm. A country-by-country look tells another story.
Read more...Sick Unicorns: America’s Broken Start-Up System
Unicorn startups are even more unprofitable than those that did not achieve unicorn status.
Read more...New CDC Guidelines to Reopen Schools, Based on Outdated, Cherry-Picked, and Misinterpreted Data, Put Students, Teachers, and Communities at Risk
Pushing to reopen schools based on outdated science is poorly timed in face of coronavirus resurgence.
Read more...We May Be Living in a Moment of Misplaced Optimism
The current bout of optimism looks too close to giddy for my comfort. And yours?
Read more...The Full Case Against Ultra Low and Negative Interest Rates
Why unprecedentedly low and negative nterest rates will probably not stimulate demand and may even threaten financial stability.
Read more...Legalise It: Prohibition’s Repeal and Its Unintended Impact on Public Health
How the US Prohibition remains widely misunderstood and why that matters.
Read more...The Productivity of Working from Home: Evidence from Japan
A new study confirms others in concluding that productivity is lower when normally office-based employees work from home.
Read more...Failed COVID Strategy Leaves Sweden Deeply Divided
Sweden became a symbol for anti-lockdown and no-mask movements across the world. But it’s no longer a source of consensus at home.
Read more...DSGE, the Standard Economic Paradigm, is Based on Bad Modeling
Why the New Keynesian Dynamic Stochastic General Equilibrium (DSGE) is a straightjacket for macroeconomics.
Read more...Pointless Pain Is What We’re Enduring. And All for the Sake of Accepting That Money is Not a Constraint on Our Potential, and Never Will Be
Defitic hysteria, UK style, and why misunderstanding what government money is about persists.
Read more...The Jobs Recovery, Compared to the “Good Times” Trend
February confirms: V-shaped jobs recovery petered out in October about two-thirds into it.
Read more...Covid Baby Bust Has Governments Rattled
A falloff in baby production has capitalists very worried.
Read more...How the NATO Alliance Is Fighting Russia’s Sputnik V Vaccine With Subsidies From State Budgets and the Gates Foundation, Hidden by bhe Financial Times
The Financial Times runs dodgy numbers to claim that Russia is vaccine price gouging to poor countries, when that’s Big Pharma’s gig.
Read more...A Big Fiscal Push is Urgent, The Risk of Overheating Is Small
The $1.9 trillion fiscal stimulus should be large because the need is large.
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